Seeking Alpha

Be Here Now

Be Here Now
Send Message
View as an RSS Feed
View Be Here Now's Comments BY TICKER:
Latest  |  Highest rated
  • How Risky Is Prospect Capital? Part 1 [View article]
    315,

    In the long run, durability of the MAIN dividend overcomes the comparative disadvantage of its current yield compared to PSEC.

    Over the time in which MAIN and PSEC have both existed, MAIN has paid $0.98 in dividends for each $1 invested at the start of their common history, and PSEC has paid $0.60. During that same time, PSEC has cut its dividend twice, and MAIN has never cut its dividend. As 9403281 said above, MAIN also pays a special dividend twice yearly.

    PSEC pays a sucker yield. MAIN pays a sleep well at night yield.
    Jul 10, 2015. 10:40 AM | 4 Likes Like |Link to Comment
  • Nothing But Sunshine For This Cloud-Based REIT [View article]
    omar kiyani,

    I have hand picked some REITs and I easily 'beat the index'. I invest for income, and my yield from my REITs is easily higher than what you can get from VNQ.
    Jul 9, 2015. 03:26 PM | Likes Like |Link to Comment
  • Nothing But Sunshine For This Cloud-Based REIT [View article]
    Both of my brokers (Fidelity, Wells Fargo) do the DRiP for me. If your broker does not, get a better broker.
    Jul 9, 2015. 03:22 PM | Likes Like |Link to Comment
  • BDC Volatility For 2015: Part 1 [View article]
    Last October was the most recent bout of market anxiety, and that was when MAIN went below 27. We are in the midst of another such bout, but MAIN is staying strong. While BDCL has been falling since late April, MAIN has been rising[1].

    I think it unlikely that MAIN will swoon now like it did then.

    [1] http://bit.ly/1To1EWS
    Jul 9, 2015. 11:19 AM | 1 Like Like |Link to Comment
  • BDC Volatility For 2015: Part 1 [View article]
    When the F&G Index last reached zero, there was an excellent buying opportunity among many stock categories; MAIN sold as low as $26.50[1]. F&G is now at 8, trending down, and if it hits zero again, check your charts for the stocks you like that have sold off the most.

    [1] http://bit.ly/1D1uMKa
    Jul 8, 2015. 03:52 PM | 3 Likes Like |Link to Comment
  • Prospect Capital - Initiating Coverage - REITs, CLOs And Online Market Lending Impair Valuation [View article]
    Kummin,

    FYI: NLY is not a BDC.

    There are articles on many other BDCs. BDC Buzz regularly reports on at least 20. MAIN and PSEC attract the most attention because MAIN is the best by far and PSEC is among the worst. The contrast is instructive for those with an open mind.
    Jul 8, 2015. 03:36 PM | 2 Likes Like |Link to Comment
  • Prospect Capital - Initiating Coverage - REITs, CLOs And Online Market Lending Impair Valuation [View article]
    Money TB and Cauchy,

    Street analysts have looked closer. Have you read the earnings conference questions asked by Jonathan Bock of Wells Fargo? He held their feet to the fire, and the PSEC executives responded with evasions and finally by cutting short the conference.

    If you have access to Wells Fargo research, get their BDC reports, authored by Bock. They say much the same as Cauchy, and in much greater detail and for that reason even more convincingly. Cauchy's comments are neither libelous nor slanderous, and are completely justified.
    Jul 8, 2015. 03:26 PM | 3 Likes Like |Link to Comment
  • Prospect Capital - Initiating Coverage - REITs, CLOs And Online Market Lending Impair Valuation [View article]
    yblarr,

    I don't think outrage is warranted. PSEC has always fully disclosed its fee structure, so there is no case for deception if that is what you were implying.

    Caveat emptor!
    Jul 8, 2015. 01:11 PM | 5 Likes Like |Link to Comment
  • Prospect Capital - Initiating Coverage - REITs, CLOs And Online Market Lending Impair Valuation [View article]
    Broadcaster 1,

    The author did not call PSEC a mortgage reit. What he actually did was describe PSEC's REIT investment.
    Jul 8, 2015. 01:06 PM | 5 Likes Like |Link to Comment
  • Main Street Capital Is The Textbook Example For Running A Solid BDC [View article]
    Correct me if I am wrong, but I believe a BDC is supposed to provide some level of management assistance to the companies in which it invests. This being the case, it is another reason to not grow at breakneck pace because doing so would cause it to also hire at breakneck pace.
    Jul 8, 2015. 12:45 PM | 3 Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    If the economy tanks, rates will follow.

    http://bit.ly/1JOXGF9
    http://bit.ly/1bbGF8y
    http://bit.ly/1Jsj1Eq
    Jul 8, 2015. 10:34 AM | 1 Like Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    Correlation is not causation. Sometimes we read more into it than is real.
    Jul 7, 2015. 03:29 PM | 1 Like Like |Link to Comment
  • No Bubbles Forming On Planet REIT-Dom [View article]
    Treasuries are up strongly. REITs are trading in lock step with Treasuries.
    Jul 7, 2015. 12:32 PM | Likes Like |Link to Comment
  • The REIT Bloodbath: Game Plan For 2nd Half [View article]
    Compare VNQ to TNX[1]. The relationship varies. Depending on the time period, you can make the case either way.

    [1] http://on.mktw.net/1HK...
    Jul 7, 2015. 11:59 AM | Likes Like |Link to Comment
  • No Bubbles Forming On Planet REIT-Dom [View article]
    Elaine Garzarelli.
    Jul 7, 2015. 01:42 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
5,286 Comments
7,277 Likes